The average dividend yield on the Australian share market is traditionally 4%.
While this is great, you don't have to settle for that. Not when there are high-yield options out there for investors to pick up.
Two ASX dividend shares that analysts are expecting to offer big yields are named below. Here's what they are forecasting from them this year and next:
Baby Bunting Group Ltd (ASX: BBN)
The first high-yield ASX dividend share for income investors to look at next week is Baby Bunting.
It is Australia's largest specialty retailer of maternity and baby goods with a store network totalling 71 stores across Australia and New Zealand.
But management isn't settling for that. It currently has a plan to grow its store network to over 120 stores across both countries.
While FY 2023 was a difficult year, Morgans believes that it is onwards and upwards from here.
As a result, it is forecasting fully franked dividends per share of 9.9 cents in FY 2024 and then 12.9 cents in FY 2025. Based on the current Baby Bunting share price of $1.86, this will mean dividend yields of 5.3% and 6.9%, respectively.
Morgans also sees plenty of upside for its shares with its add rating and $2.50 price target.
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
Another ASX dividend share that has been tipped to offer big yields in the near term is Dalrymple Bay Infrastructure.
It is the long-term operator of the Dalrymple Bay Coal Terminal (DBCT), which plays a vital link in the global steel-making supply chain, exporting high-quality coal across the globe.
Citi is feeling positive about the company and is forecasting dividends per share of 20.6 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.71, this will mean yields of 7.6% and 8.1%, respectively.
The broker has a buy rating and a $3 price target on its shares.
